BMO Capital analyst Ambrish Srivastava raised the firm’s price target on Texas Instruments to $215 from $195 and keeps an Outperform rating on the shares after its Q4 earnings beat. The company’s overall business is behaving as it should in a downturn, and while its Automotive segment is standing out, it’s a matter of time before that weakens as well, the analyst tells investors in a research note. BMO Capital adds however that Texas Instruments’ focus around analog and embedded processing should generate meaningfully higher free cash flow and earnings potential than past cycles suggest.
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Published first on TheFly
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